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You can literally set the tax rate at 100% over 10M and wealth tax at 100% over 1 billion. There is no position that you can't fill for 10M. You can find peopl
by michaelmrose 2y ago
You can literally set the tax rate at 100% over 10M and wealth tax at 100% over 1 billion.
There is no position that you can't fill for 10M. You can find people to run entire nations as well as brain surgeons and rocket scientists for less.
- _heimdall 2y agoPeople wouldn't bother making more than $10M if the tax jumped to 100%. You could take every dollar from the most obscenely rich in the US and you could only afford to find the US government for 6 months. We simply spend too much to fix it by taxing the rich to death.
- michaelmrose 2y agoBasically they would do the value creating activities of worth because even the most worthy and valuable value creating activities now cost less than 10M. The exchanges of value over 10M to an individuals can most apply be characterized as the individual looting society for their profit.